Oracle Power PLC Director Share Purchases (7154R)
09 November 2021 - 6:00PM
UK Regulatory
TIDMORCP
RNS Number : 7154R
Oracle Power PLC
09 November 2021
9 November 2021
Oracle Power PLC
("Oracle", the "Company")
Director Share Purchases
Oracle Power PLC (AIM:ORCP), the international natural resources
project developer, is pleased to announce that the Directors of the
Company have purchased ordinary shares in the Company as part of
the MAR compliant Director Share Purchase Plan ("Director Purchase
Plan") as previously announced.
The following share purchases were made on 8 November 2021:
DIRECTOR POSITION ORDINARY PRICE PER TOTAL BENEFICIAL % ISSUED
SHARES PURCHASED ORDINARY INTEREST SHARE CAPITAL
SHARE
Non-Executive
Mark Steed Chairman 37,463 0.37 pence 18,204,283 0.759%
--------------- ------------------ ----------- ----------------- ---------------
Naheed Memon CEO 328,620 0.37 pence 83,804,710 3.496%
--------------- ------------------ ----------- ----------------- ---------------
Non-Executive
Andreas Migge Director 105,290 0.37 pence 8,988,898 0.375%
--------------- ------------------ ----------- ----------------- ---------------
Non-Executive
David Hutchins Director 41,627 0.37 pence 116,505 0.005%
--------------- ------------------ ----------- ----------------- ---------------
Further details of the Director Purchase Plan can be found in
the announcement of 12 August 2021.
*ENDS*
For further information on Oracle Power Plc, visit the Company's
website http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Naheed Memon - CEO +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
Brandon Hill Capital Limited (Joint Broker)
Oliver Stansfield +44 (0) 203 463 5000
Shard Capital (Joint Broker)
Damon Heath, Isabella Pierre +44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR)
Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
Details of the full notifications received by the Company are
set out below:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Mark Steed
2. Naheed Memon
3. Andreas Migge
4. David Hutchins
-------------------------------- ------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a. Position/status 1. Non-executive Chairman
2. CEO
3. Non-executive Director
4. Non-executive Director
-------------------------------- ------------------------------------------
b. Initial notification/Amendment Initial Notification
-------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a. Name Oracle Power Plc
-------------------------------- ------------------------------------------
b. LEI 213800WAVVOPS85N2205
-------------------------------- ------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01 each
instrument, type of instrument GB00B23JN426
Identification code
-------------------------------- ------------------------------------------
b. Nature of the transaction Purchase of Ordinary Shares
-------------------------------- ------------------------------------------
c. Price(s) and volume(s) Director Price/share Volume
(s)
1.M Steed 0.37 pence 37,463
------------- --------
2.N Memon 0.37 pence 328,620
------------- --------
3.A Migge 0.37 pence 105,290
------------- --------
4.D Hutchins 0.37 pence 41,627
------------- --------
-------------------------------- ------------------------------------------
d. Aggregated information
Aggregated volume 513,000 Aggregated volume
Price GBP0.0037 Average Price
-------------------------------- ------------------------------------------
e. Date of the transactions 8 November 2021
-------------------------------- ------------------------------------------
f. Place of the transactions London Stock Exchange's AIM
Market (XLON)
-------------------------------- ------------------------------------------
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power
project developer quoted on London's AIM market. The Company holds
two highly prospective gold assets in two globally significant gold
regions of Western Australia. The Northern Zone Project is located
25km east of the major gold mining centre of Kalgoorlie, the home
of the 'Super Pit' mine, the second largest gold mine in Australia,
and the Jundee East Gold Project is located 9km east of Northern
Star's Jundee Gold Mine, one of Australia's largest gold mines.
The Company is also active in the power industry in Pakistan and
is working to establish a green hydrogen production facility in
association with PowerChina. The Company's initial project is the
Thar Block VI Project in south-east Pakistan where the Company is
advancing plans for a combined lignite coal mine, a 1,320MW mine
mouth power plant and a proposed coal gasification to urea
project.
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END
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